Indemnity

usgb/ɪnˈdemnəti/
noun

Money that is paid back or compensation given for loss, damage, or injury.

An insurance company provides an indemnity to the policy holders against specific losses.
Visual representation of "indemnity" - Money that is paid back or compensation given for loss, damage, or injury

Often appears as...

  • claim indemnity
  • receive indemnity

Usage tips

Formal

Definition 1 of 2
Visual representation of "indemnity"
LampPro Tip 1/3

Financial Protection

Indemnity often involves financial security against potential future losses or damages.

Illustration for Financial Protection
After the flood, the homeowners sought indemnity from their insurer.
LampPro Tip 2/3

Not Always Full

'Indemnity' doesn't guarantee full repayment but can be partial, based on the terms agreed.

Illustration for Not Always Full
The indemnity covered only 70% of the stolen goods' value.
LampPro Tip 3/3

Specific Agreements

The scope of indemnity is defined by the terms of the policy or agreement.

Illustration for Specific Agreements
Her contract promised indemnity for any work-related travel expenses.
Word comparison image

Compare with

compensationguaranteeinsuranceprotectionredressreimburserestitutionsecurity
Look up Compare with
Visual representation of the word "Indemnity"

Never forget "Indemnity"

Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!

Download on the App StoreGet it on Google PlayGet it from MicrosoftGet it on AppGallery
Chrome

WordUp Chrome Extension

As you browse the web instantly look up words you don’t know.

Get Chrome Extension
Back to top